Chinese policy is to extract technologies from Western companies, use subsidies and nontariff barriers to competition to build national champions, and then create a protected domestic market for these champions to give them an advantage as they compete globally.
After acquiring intellectual property, Chinese government subsidies and regulations help Chinese companies secure market shares in the global markets at the expense of the US. A congressional estimate in the US placed the cost of Chinese intellectual property theft at 225–600 billion dollars yearly. According to a CNBC survey, 1 in 5 corporations say China has stolen intellectual property within the previous year, while 1 in 3 said it had happened some times during the previous century.
Chinese government-linked hackers have tried to steal sensitive data from some three dozen manufacturing and technology firms in the US, Europe and Asia, security researchers said Wednesday, in findings that shed new light on Beijing’s alleged use of hacking to buttress its powerhouse economy.
The most important dimension of U.S.–China relations is technology, which is vital to economic, military, and even ideological competition.